OPENLANE's AFC subsidiaries extend receivables facility termination dates to January 31, 2030

OPENLANE, Inc.

AFC and AFC Funding amended the Tenth Amended and Restated Receivables Purchase Agreement on Sept. 25, 2026, extending the facility termination date from Jan. 31, 2028 to Jan. 31, 2030.
Automotive Finance Canada Inc. and OPENLANE entered Amendment No. 4 to the March 1, 2023 Receivables Purchase Agreement, also extending the termination date to Jan. 31, 2030.
Lender groups include Fairway Finance, Fifth Third Bank, PNC Bank, Truist Bank, JPMorgan Chase, Royal Bank of Canada, Bank of Montreal, and U.S. Bank, among others.
AFC Funding is a wholly owned, bankruptcy remote, consolidated special purpose subsidiary of AFC; Computershare Trust Company of Canada is trustee of AFCI Funding Trust.
Both amendments will be filed as exhibits to OPENLANE's Form 10-Q for the quarter ended Sept. 30, 2026; CFO Bradley Herring signed the 8-K.

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